Inter-se promoter transfer of 69,900 shares (1.98%) by way of gift intimated under Reg 10(5)

A promoter group member, Mr. Mohammed Fazlurrehman Kagdi, has intimated a proposed inter-se transfer of 69,900 shares (1.98% of share capital) from Jamilabibi Fazlurrehman Kagdi.

Wed 30 Sep 2026

Shares Transferred

69,900 shares (1.98% of share capital)

Transfer Type

Gift (without consideration)

Acquirer Stake Before

1,14,923 shares (3.26%)

Acquirer Stake After

1,84,823 shares (5.24%)

Group Total After Transfer

18,59,385 shares (49.31%)

What was shared

A disclosure under Regulation 10(5) of the SEBI (SAST) Regulations, 2011, intimating a proposed acquisition of shares within the promoter group of Hawa Engineers Ltd.

The proposed transaction

• Acquirer: Mr. Mohammed Fazlurrehman Kagdi, a member of the promoter group prior to the transaction.
• Seller: Jamilabibi Fazlurrehman Kagdi.
• Shares: 69,900, equal to 1.98% of the share capital.
• Proposed date: on or after 07.10.2026.
• Price: transfer without consideration, by way of gift.
• Rationale: inter-se transfer among promoters under Regulation 10(1)(a)(i), which exempts it from making an open offer.

Shareholding before and after

• Acquirer individually: from 1,14,923 shares (3.26%) to 1,84,823 shares (5.24%).
• Seller: from 2,09,700 shares (5.95%) to 0 (0%).
• Acquirer and PACs (other than sellers) total: from 16,49,685 shares (43.37%) to 18,59,385 shares (49.31%).

How to read it

Since no consideration is involved and both sides belong to the promoter group, this is a reallocation of holdings within the family rather than a purchase from the open market. No fresh shares are issued, so there is no dilution for public shareholders, and no change in the company's business or operations follows from this update. The acquirer has declared compliance with the conditions for the exemption and with Chapter V disclosure requirements.

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